As another NFL player is suspended following domestic violence arrest, Nike and the Minnesota Vikings reverse course and suspend Adrian Peterson. Other sponsors monitor the situation as PepsiCo CEO Indra Nooyi signals her support for embattledNFL Commissioner Roger Goodell, while Radisson's move to drop Vikings sponsorship turned out to be a smart move. Meanwhile, female fans grow wary of league and CBS CEO Moonves hails football on TV.

Toshiba cuts 900 jobs in PC restructuring while Warner Bros. is expected to cut up to 1,000 jobs.

For over 100 years, FAO Schwarz was widely regarded as the Tiffany of toys. Its renowned Fifth Avenue store in New York City became a must-see stop for visitors with (and without) children.

Founded in 1862 by a German, Frederick August Otto Schwarz (hence the "FAO"), FAO Schwarz expanded to as many as forty stores before it was unable to withstand an assault from value-priced competitors. The company succumbed to a few ugly 21st Century bankruptcies. In May 2009, the unthinkable occurred: the venerable brand name was purchased by discounter Toys 'R' Us.Continue reading...